Hong Kong’s CK Hutchison risks losing Panama port rights after court ruling

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Hong Kong's CK Hutchison Holdings faces the potential loss of its Panama port operating rights after the Panamanian Supreme Court ruled its subsidiary's contract unconstitutional. The ruling, announced on Thursday, concerns the concession contract between the state and Panama Ports Company (PPC), a CK Hutchison subsidiary, for the Balboa and Cristobal ports located at either end of the Panama Canal. The court stated the decision was reached after extensive deliberation. CK Hutchison holds a 90% stake in PPC, which had a 25-year concession renewed in 2021 to operate the ports. The South China Morning Post has contacted CK Hutchison for comment.
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